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Income Tax: Close friend from outside the U.S asked me if I can use my account to receive money for his online payments. How much % should I charge him?
JA
JA
Jeanpier Anaya answered:

Hello, I have experience in the international trade and payment issues around the world.

You should be aware that, under your national legislation the incomes perceived in your account will be accountable and you should declare and pay the relevant taxes. Anyway, I am not and expert in the American taxes, so I am no going to enter in this issue.

I should assume that your friend is interested in selling his apps in the USA market, and I should assume that is your trusted friend, so there are some options that should consider as the incorporation of one company under American Laws , where you and your friends will be partners, so the incomes will be shared following the distribution you agree, so you can help your friend providing for a service he needs and you will have separated bookkeeping. This issue takes some steps from the negotiation to the distribution of dividends.

If you have the relevant information, we can arrange a call to check everything in detail.

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